Industry Insights

The global image-guided and robot-assisted surgical procedures market size was valued at USD 1.68 billion in 2016. It is anticipated to expand at a CAGR of 14.6% over the forecast period. Rapid technological advancements in medical robotics is expected to result in growing adoption of robots in surgeries. Rising number of complex surgeries and trauma incidence are expected to further drive the market.

Rise in spending on medical equipment by hospitals is expected to boost the penetration of image-guided and robot-assisted surgeries in developing economies such as Asia Pacific and Latin America. Increasing number of complex orthopedic, gynecological, and urological surgeries is expected to fuel their demand over the forecast period. For instance, introduction of Mako robots, Rosa Spine, Rosa Brain, Mazor X, and Renaissance is expected to boost the number of these medical procedures globally between 2017 and 2025.

Technological advancements have transformed surgical procedures over the last few decades owing to upgrades such as microscopic cameras, three-dimensional imaging systems, motion sensors, and remote navigation and robotic catheter control systems. Da Vinci Surgical System, developed by Intuitive Surgical, Inc., is the most widely accepted system for complex procedures. This computer-enhanced system capable of aiding in complex laparoscopic procedures. This technologically-advanced system helps reduce surgical errors and provides a better patient outcome.

High spending on medical devices and equipment by hospitals is expected to further boost the market for image-guided and robot-assisted surgical procedures. At present, Da Vinci System is used to perform surgeries across the wide range of specialties. Whereas robots such as Rosa spine and Rosa brain are used to perform spinal and neurological operations respectively. This lowers the chances of errors as compared to conventional procedures. Rise in spinal and neurological injuries is expected to further fuel the market expansion over the forecast period.

Developed economies such as North America and Europe currently have higher market share in terms of revenue owing to surging adoption technologically-advanced medical robots and demand for minimally invasive surgeries. Developing economies such as Latin America and Middle East and Africa have less number of image-guided robots due to a higher cost and lower adoption.

Specialty Type Insights

On the basis of specialty, the global image-guided and robot-assisted surgical procedures market was dominated by urologic surgeries. Rising adoption to perform complex prostate cancer, kidney, bladder cancer, and urinary blockage surgeries is expected to bode well for market demand. Robot-assisted gynecological procedures held 18.9% global revenue share in 2016 owing to increasing number of gynecological interventions such as hysterectomy and sacrocolpopexy.

Prior to the approval of Da Vinci System for gynecological procedures in 2005, invasive procedures were performed for treating gynecological disorders, which led to increased blood loss and longer recovery period. According to Intuitive Surgical, Inc., from 2005 to 2016; 80% of hysterectomies were performed using minimally invasive techniques. Hysterectomies that involve the use of medical robots are performed with either multi-port or single-site technology. Most of these surgeries are performed using the multi-port technique.

Surgeries such as sleeve gastrectomy and gastric bypass are among the most commonly performed image-guided operations for morbid obesity in U.S. Based on specialty, general surgeries accounted for the second largest share of the market in terms of revenue. Surgical subspecialties catered by general surgeon includes colorectal, hernia repair, cholecystectomy, and bariatric surgeries. Using surgical robots helps general surgeons to perform error free operations. This in turn, is expected to drive adoption of these devices over the forecast period.

Regional Insights

In 2016, North America accounted for the highest market share and is expected to dominate the market with 64.6% share in 2025. High investment, increasing demand, prevalence of trauma requiring robotic procedures, and adoption of medical robots for complex interventions are the factors anticipated to boost revenue growth in North America. U.S. accounted for 58.8% share in the global market mainly due to higher penetration of image-guided robots and surging awareness and adoption of minimally invasive surgeries.

Europe was the second largest region with 17.4% market share in 2016. Price-sensitive economies such as Latin America and Middle East and Africa have a low adoption rate due to high cost.

Asia Pacific is anticipated to expand at a CAGR of 16.4% over the forecast period owing to factors such as improving healthcare infrastructure in countries like China and India. Japan, on the other hand, has one of the most developed healthcare system and has wide adoption of automation in each field. This has created a lucrative opportunity for medical robotics manufacturers. These factors are expected to contribute to the regional market demand over the forecast period.

Some of the market players are Crouse Hospital, St. Vincent, St. Clair Hospital, Northwest Hospital & Medical Center, Atlantic Health System, The Princess Grace Hospital, Apollo Hospitals Enterprise Ltd., Medanta The Medicity, and George Washington University Hospital. Advanced medical robots being developed by Auris Surgical Robotics; Avateramedical GmbH; Cambridge Medical Robotics Ltd.; Verb Surgical, Inc.; and TransEnterix Surgical, Inc. are awaiting FDA approvals. These market participants are anticipated to increase competition in this market over the forecast period. Number of hospitals providing robot assisted surgeries is limited due to high capital investment and requirement for high technical skills.

The market is dominated by hospitals. Hospitals are focusing on providing patients with high-quality services and lowering incidents of medical errors. High capital expenditure in hospitals as compared to other healthcare facilities is expected to promote lucrative growth in the years to come.

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global image-guided and robot-assisted surgical procedures market report on the basis of specialty type and region: